BUSN2029 Accounting Theory in Practice

Mr Ludek Seda

2016

4.5

1 x 2-hour lecture weekly
1 x 1-hour tutorial weekly

1 BUSN1002 - Financial Accounting Processes
1a Admission into BCOMACOS-Bachelor of Commerce (Accounting)
Must Satisfy: ((1 or 1a))

BUSN3019 has been successfully completed

A basic understanding of accounting and financial statements will be assumed. Some knowledge of introductory economics and quantitative methods will also be beneficial.

Bachelor of Commerce

This topic includes an overview of the nature of accounting theory and theory development including the role of the conceptual framework. It then focuses on accounting theories, including positive and normative accounting theory. It incorporates consideration of practical issues such as international accounting, cultural factors in accounting, regulation, financing operations, financial statements and companies.

This topic aims to develop students' understanding of selected theories of accounting and introduce them to the application of theory in practice.

In addition, the topic aims to develop:

generic cognitive skills (especially analytical and evaluative skills)
behavioural skills (personal and interpersonal skills) which can be employed in organisational work environments.

Upon successful completion of this topic students will be able to:

Articulate various positive and normative theories of accounting
Describe the reporting environment and regulation of financial accounting in Australia and internationally
Define the components of the accounting conceptual framework, its significance and limitations
Apply accounting skills in relation to the equity financing and operation of companies
Outline the perceived advantages and disadvantages for countries that adopt International Financial Reporting Standards (IFRS).

Key dates and timetable

Timetable details for 2016 are no longer published.

This information is from current details held on the Student Information System. Please report any errors or omissions to the relevant College Office.